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BoardBenchTM Succession Services

BoardBench gives companies a cost-efficient solution to manage the intricacies and risk concerns of their board succession needs.  Through our proprietary processes we build custom teams of qualified and highly-competent potential  successors (benches) to serve on your board.  BoardBench identifies, qualifies, monitors, and ensures the highest level of fit of these executives to each client company’s strategic needs and operating style.  BoardBench supplies these services through yearly (or longer) subscription plans.  This delivers an efficient and highly cost-effective tool to manage your board’s key succession and continuity risks.

Built for each company’s unique business and required board competencies, BoardBench builds and maintains a customized bench of exceptional executives who are capable and available to expand the long-term health and value of your company. An independent tool, BoardBench works to identify, analyze, monitor, and build your connections with valuable, available board talent who may not be on the radar of your company or other firms, your board members, or found though existing network relationships.

We continually track, evaluate, and monitor the accomplishments, skills, experiences, and other critical metrics of your  board’s specific bench so that when needed, new directors can be immediately brought “on-board,” with little need for ramp-up. BoardBench addresses the challenges and fulfills the needs of time and network-challenged directors and executives with limited resources and expands their access to a new broad and diverse range of expertise to advance business in their chosen markets. We conduct the identifying, screening, and building of important and necessary relationships to give you a continuous pipeline of exceptional and qualified members for your company’s board.

How it works

Each BoardBench is developed by us through a proprietary process that encompasses , detailed analyses, specific metrics, research, unique prescreen procedures, tracking, and monitoring of exceptional professionals. These individuals are strategically identified to address the specific skills and attributes you require to support the long and short-term objectives of your company. In each instance, we use criteria custom-developed for each client and industry. Our adept skills, and highly personalized relationships, enable us to give you a diverse and highly-specialized group of board members or advisors for your company.

Each BoardBench is custom-built on the specific anticipated needs of the client company and aimed at enhancing the board’s ability to add to shareholder value. A time-based subscription service, BoardBench continually assists you and your board of directors in building and maintaining a strategic and targeted lineup (bench) of exceptional and qualified individuals for potential board succession, replacement, or expansion for agreed upon periods.

Benefits of Owning a BoardBench

Engaging a BoardBench enables you and your company to:

  • Reduce risk and potential liabilities
  • Gain "insurance" to avert biases and maintain independence
  • Build access to executives with strategically focused skills and experience in new markets of interest and specific value to your company
  • Maintain flexible and qualified talent pipelines to meet changing and complex demands
  • Broaden relationships with needed expertise and prospective board talent
  • Diversify and strengthen board viewpoints, perspectives, and insights into new or potential markets
  • Build a proactive approach in planning for the loss or succession of one or more board members
  • Establish a sound succession platform.

BoardBench has been said to be one of the most unique and needed approaches to board member succession, selection, and placement by some of the country's top governance experts. For more information about BoardBench, please email us at info@boardbench.com or call us at 203-938-7474 (ext: 111)

 

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BoardBenchTM Succession Services

Identify, analyze, monitor, evaluate, and build valued relationships with key executives who are ready and able to serve - precisely when you need them.


BoardBench strategically scouts exceptional talent worldwide for boards


C Suite

A Board Bench is developed and maintained through a unique and custom set of analytic
processes similar to those used by major sports leagues, where “scouts” continually monitor the best talent for their organization.

 

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